The dollar found itself in a stronger position yesterday due to the latest developments in the US-China trade war. After chief negotiator Robert Lighthizer revealed that China have failed to stick to some of their commitments, Trump threatened a rise in tariffs. This caused the yuan to weaken and the dollar to rise.
The tariffs are due to kick in on Friday, however Chinese Vice Premier Liu He and team are still expected to join talks in Washington on Thursday and Friday. A commentary in a Chinese newspaper has said that China will keep calm and has ‘complete confidence’ in facing trade talk challenges.
The dollar remains strong against the pound this morning.
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